https://www.taxtmi.com/caselaws?id=343628 A company with a materially different outsourcing-based business model may be unsuitable as a transfer pricing comparable for IT enabled services, so the matter was sent back for fresh examination. Deduction under section 10B was denied because approval as a hundred per cent export-oriented undertaking by the statutory board was required, and STPI approval alone was insufficient. The alternate claim for deduction under section 10A was not rejected on merits; it was remanded for verification of the statutory conditions and supporting material. The appeal thus resulted in partial relief, with the transfer pricing and section 10A issues reopened and the section 10B claim disallowed. en-us Wed, 24 May 2017 00:00:00 +0530 Sat, 27 May 2017 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343628 A company with a materially different outsourcing-based business model may be unsuitable as a transfer pricing comparable for IT enabled services, so the matter was sent back for fresh examination. Deduction under section 10B was denied because approval as a hundred per cent export-oriented undertaking by the statutory board was required, and STPI approval alone was insufficient. The alternate claim for deduction under section 10A was not rejected on merits; it was remanded for verification of the statutory conditions and supporting material. The appeal thus resulted in partial relief, with the transfer pricing and section 10A issues reopened and the section 10B claim disallowed. Case-Laws Income Tax Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343628